Commercial Real Estate Valuation Specialist

Commercial Real Estate Valuation Specialist

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

A Commercial Real Estate Valuation Specialist's primary responsibility is to review commercial real estate appraisals and produce restricted appraisals (internal evaluations). The appraisal review process will be performed in conformance with Standards 3 and 4 of the Uniform Standards of Professional Appraisal Practice (USPAP). Restricted appraisal reports will conform with Standards 1 and 2 of USPAP. This position requires being knowledgeable of the Interagency Appraisal and Evaluation Guidelines (IAEG), USPAP and ONB Guidelines and Procedures. Further, it requires general real estate industry knowledge across various commercial property classes. A Commercial Real Estate Valuation Specialist is expected to be self-directed, goal oriented (meeting/exceeding production/volume), capable of making quick, independent (limited oversight) decisions with a focus on meeting client expectations in a fast-paced work environment.

The salary range for this position is $60,000.00/Yr. - $121,300.00/Yr.. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key accountabilities include:

• Complete appraisal reviews in compliance with USPAP Standards 3 and 4 while recognizing appropriate appraisal methodology and techniques
• Opine on the completeness, accuracy, adequacy, relevance and reasonableness of appraisals
• Understand industry nuances between property types and knowledge across asset classes

• Complete internal evaluations or restricted appraisal reports in compliance with USPAP Standards 1 and 2 and federal regulations.
• Understand various property types and classes
• Review and analyze all current documentation relevant to the appraisal process including leases, operating history, contracts, easements, surveys, etc.
• Recognize and apply appropriate appraisal methodology and techniques

• Consult with internal clients on real estate appraisal methodology and techniques
• Provide guidance related to the IAEGs, USPAP and ONB Guidelines and Procedures
• Operate independently and solve problems using independent judgement/discretion with limited oversight
• Provide clear and concise communications to vendors and internal clients

• Maintain appropriate real estate licensure within ONB's traditional footprint
• Enhance knowledge through continuing education; particularly, on relevant and emerging real estate topics
• Pursue educational opportunities as part of a professional development plan

Key competencies for the position include:

• Culture Leadership: Communication effectively shares information and ideas with individuals and groups; displays self-awareness and self-management; tailors the delivery to the audience, and selects suitable delivery method(s); responds to internal and external clients, vendors, and others in a timely manner; provides clear and concise real estate reports

• Execution Leadership: Technical Knowledge possesses the required technical knowledge (real estate knowledge and associated developments, trends, and best practices as well as understanding property rights and their impact on the valuation process ) and industry standards to perform the role effectively; continuous learning to adopt new trends or expertise; capable and proficient in IAEG, USPAP and ONB Guidelines and Procedures

• Problem Solving/Decision Making independently and with limited oversight seeks to identify and recognize issues, problems, or opportunities and determines whether action is needed; identifies and gathers relevant information from various sources and incorporates input from multiple sources (e.g., trends, lines of business, subject matter experts, data, policies, procedures, etc.) to ensure effective action and shared ownership anticipating consequences of decisions/actions and proactively working through potential concerns/issues to identify contingency plans; decisions are sound based on what was known at the time and are based on a blend of analysis, wisdom, experience, and judgement creating sound defensible real estate reports, reviews, valuations and recommendations

• Drive and Execution committed to achieving and exceeding established goals (sets high personal performance standards), overcoming obstacles (focused on ways to succeed), and continuously learning to improve performance to ensure job effectiveness expectations, performance targets, project deliverables, etc.; responsive and accepts reasonable requests to do task that goes beyond the normal scope of the job

• Client Leadership puts the client at the forefront of everything; continually seeks first-hand client information and perspective and uses this insight to shape one's own behaviors and actions to delight and engage internal and external clients; creates, builds, and maintains long-term relationships with clients

Qualifications and education requirements include:

• Five-years of overall experience in commercial/residential real estate preferred
• Associates degree in a business-related field or equivalent work experience.
• Highly detail oriented, thorough, and ability to think critically with limited oversight.
• Excellent time and project management skills.
• Strong organization skills.
• Refined verbal and written communication skills.
• Ability to meet strict deadlines

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

Our culture is firmly rooted in our core values. We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical. We are Old National Bank. Join our team!